Ukraine needs to optimize the tax base and attract more funds to innovative areas in order to reduce dependence on borrowed funds, scientific consultant of the Razumkov Centre Volodymyr Sidenko told a press conference, ForUm correspondent reports.

According to the expert, it is necessary not only to expand but also to optimize the tax base and improve its quality in order to improve the tax collection and thereby weaken the debt bondage.

The economist added that it is also necessary to improve the quality of debts (both internal and external), more funds should be attracted to the development of the real sector, IT and other promising areas. "Then the investments will be most effective and focused on the future," he said.

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